Convicted felon Martin Shkreli has finally talked his way behind bars
Martin Shkreli has finally talked his way into a federal jail.
The judge in Shkreli’s felony fraud case has ordered the pharma bro to jail, acting on a request from prosecutors after Shkreli offered a $5,000 bounty on a lock of Hillary Clinton’s hair, which they said represents a serious threat that requires the judge to revoke his bail and lock him up now.
Shkreli, who has branded himself one of social media’s most notorious trolls, was convicted on three felony fraud counts — while he was exonerated on the most damaging charges. In the end, he now faces up to 20 years for lying to investors in his hedge funds, though he later made up for their losses.
He may never have been charged, though, without attracting extraordinary notoriety for hiking the price of Daraprim by 5000% and then taunting his critics relentlessly online. All of that is completely legal.
True to form, Shkreli had initially defied the government for the latest set of accusations, then chastely apologized to the judge for his action, saying he was nonviolent and never intended anyone harm.
For Shkreli, though, the apology looked more like a ruse for the boyish biotech exec who delighted in crying wolf. And now he’ll be locked up until the judge – who clearly isn’t amused – decides on his felony sentencing.
“That is a solicitation to assault in exchange for money that is not protected by the First Amendment,” said Judge Kiyo A. Matsumoto, according to a report in The New York Times. Particularly damning was this post in classic Shkreli scorn after he claimed to be pushing satire:
“$5,000 but the hair has to include a follicle. Do not assault anyone for any reason ever (LOLIBERALS).”
“One ongoing concern of mine is that he has been touted as a brilliant young man, the mind of his generation, yet he lacks the ability to understand what’s appropriate,” Matsumoto said of Shkreli, according to the New York Post.
It doesn’t bode well. For now, it looks like Shkreli will be cooling his heels and eating jail meals for the next few months. No more social media.
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals, center left, speaks to members of the media with his attorney Benjamin Brafman, center right, outside federal court on Friday, August 4, 2017. Shkreli, notorious for raising the price of a potentially life-saving drug by 5,000 percent, was found guilty of defrauding investors in two hedge funds and in Retrophin, a pharmaceutical company he co-founded. Shkreli was convicted of three of eight charges, including securities fraud. Photographer: Peter Foley, Bloomberg, Getty